Call: Walmart Inc. (WMT), Put: Amazon.com Inc. (AMZN), Covered Write: American Airlines Group Inc. (AAL)
Daily Option Ideas for January 20, 2023
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Walmart Inc. - $140.44 | WMT2321D140 | Buy the April 140.00 calls at 6.75 | 128.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Waste Management, Inc. ( WM) | Jan. 165.00 Calls | Stopped at 150.00 (CP: 156.91) |
| Valero Energy Corp ( VLO) | Jun. 130.00 Calls | Raise the option stop loss to 18.80 (CP: 20.80) |
| Home Depot, Inc. ( HD) | May. 330.00 Calls | Stopped at 308.00 (CP: 313.68) |
| Autodesk, Inc. ( ADSK) | Apr. 195.00 Calls | Initiate an option stop loss of 20.30 (CP: 22.30) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Amazon.com Inc. - $96.93 | AMZN2321D95 | Buy the April 95.00 puts at 9.55 | 106.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Dollar General Corp. (DG) | Jan. 240.00 Puts | Stopped out at $9.10 |
| Union Pacific Corporation (UNP) | May. 220.00 Puts | Initiate a stock price stop of 0.00 (CP: 207.65) |
| Paramount Global (PARA) | May. 22.50 Puts | Initiate an option stop loss of 1.45 (CP: 3.45) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| American Airlines Group Inc. $16.28 | AAL2319E17 | May. 17.00 | 1.53 | $7,524.65 | 36.42% | 27.53% | 8.24% |
Still Recommended
| Name | Action |
|---|---|
| Bath & Body Works Inc. (BBWI) - 44.25 | Sell the May 45.00 Calls. |
| United States Steel Corporation (X) - 27.64 | Sell the April 27.00 Calls. |
| D.R. Horton, Inc. (DHI) - 92.02 | Sell the May 97.50 Calls. |
| Freeport-McMoRan Inc. (FCX) - 44.14 | Sell the May 44.00 Calls. |
| Marathon Oil Corporation (MRO) - 27.39 | Sell the April 28.00 Calls. |
| Apache Corporation (APA) - 45.16 | Sell the April 47.50 Calls. |
| Cleveland-Cliffs Inc. (CLF) - 20.38 | Sell the April 20.00 Calls. |
| Alcoa Inc. (AA) - 49.52 | Sell the April 55.00 Calls. |
| United Airlines Holdings Inc. (UAL) - 48.37 | Sell the June 55.00 Calls. |
| Royal Caribbean Cruises Ltd. (RCL) - 60.78 | Sell the June 75.00 Calls. |
| On Semiconductor Corp. (ON) - 63.49 | Sell the April 70.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Occidental Petroleum Corporation ( OXY - 65.67 ) | March 65.00 covered write. |
